Liberty Global's Next Frontier Could Be Content

Liberty Global already has bought almost every big cable operator in Europe. But the Nasdaq-listed cable company's deal making might not be limited to pipes. Instead, Liberty's next battleground could be media content.

Liberty has until now successfully brushed aside concerns that it owns little content, save some sports and movie channels in Belgium and the Netherlands. After all, video services delivered over the Internet like Netflix have far less reach in Europe, and 75% of TV viewing is still free-to-air broadcasts....